• Costa Rica Coffee Guide

Remittances to Honduras Hit $1 Billion Mark for 2007

June 29, 2007

TEGUCIGALPA – Hondurans living abroad, mainly in the United States, have sent some $1 billion to relatives back home so far this year, a high-level official said.

Honduran Central Bank chief Gabriela Núñez said the figure is up by some $128 million compared to this time last year, but “the growth rate” of remittances this year was running at 13%, down from the 30% level registered in 2006.

The Central Bank head said remittances are expected to total nearly $3 billion this year, with overall growth tied to the performance of the U.S. construction industry, which provides employment for many immigrants and has been weak in the wake of the collapse of the housing bubble.

In 2006, Hondurans received $2.35 billion from relatives living abroad, more than 25% of the country’s gross domestic product, Núñez said in a report earlier this year.

 

You may be interested

Nearly 100 locations now offer antigen tests for travelers in Costa Rica
Costa Rica
3271 views
Costa Rica
3271 views

Nearly 100 locations now offer antigen tests for travelers in Costa Rica

Alejandro Zúñiga - February 26, 2021

Several countries, including the United States, require that returning travelers test negative for the coronavirus. More than 100 labs in…

Costa Rica Covid-19 information from the U.S. Embassy
Costa Rica
1473 views
Costa Rica
1473 views

Costa Rica Covid-19 information from the U.S. Embassy

The Tico Times - February 26, 2021

The United States Embassy on Friday issued a summary of Costa Rica's coronavirus measures that our readers may find helpful.…

Costa Rica will (finally) support contactless payments on public transport
Costa Rica
1150 views
Costa Rica
1150 views

Costa Rica will (finally) support contactless payments on public transport

Alejandro Zúñiga - February 26, 2021

Costa Rica's next step toward modernizing its public transport system will be to allow contactless payments. The Railway Institute (INCOFER)…